Registered Representative Salary

Registered Representatives in the United States can expect to earn an average of $44K annually, with very experienced workers pulling down $70K on average. Those in the early stages of their career can expect to make around $43K; however, individuals with five to 10 years of experience bring in $53K on average — a distinctly larger sum. After working for 10 to 20 years, Registered Representatives make a median salary of $60K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $70K, which is substantially larger than the medians reported by folks with fewer years on their resumes. The data in this summary comes from the PayScale salary survey.

$28,734 - $60,761
$29K
$44K
$61K
MEDIAN: $44,095
10%
50%
90%

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$11.92 - $25.48
$12
$18
$25
MEDIAN: $18.49
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$28,734 - $60,761  
   
Bonus
$1,021 - $14,899  
Profit Sharing
$3,750  
Commission
$-0.50 - $10,161  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,587 - $65,725  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 59
© PayScale, Inc. @ www.payscale.com
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$11.92 - $25.48  
   
Overtime
$30.74  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$1,021 - $14,899  
   
Commission
$-0.50 - $10,161  
Profit Sharing
$3,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,587 - $65,725  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 28
© PayScale, Inc. @ www.payscale.com

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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Popular Employer Salaries for Registered Representative


Not only do salaries lack room to grow — pay ranges from $37K to just $62K — but Charles Schwab & Co., Inc. offers the lowest pay in town to boot, with a median paycheck of $42K.

Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Key Stats for Registered Representative

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.
Less than 1 year
1%
1-4 years
66%
5-9 years
16%
10-19 years
13%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Registered Representative Salaries

Late-Career
▲53%

Experienced
▲32%

Mid-Career
▲16%

National Average
$45,000

Entry-Level
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
1%
1-4 years
66%
5-9 years
16%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 62%
vision benefits
Vision: 55%
dental benefits
None: 21%
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